Natixis Advisors LLC Has $15.56 Million Stock Holdings in Ingersoll Rand Inc. $IR

Natixis Advisors LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 38.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 188,277 shares of the industrial products company’s stock after acquiring an additional 52,729 shares during the quarter. Natixis Advisors LLC’s holdings in Ingersoll Rand were worth $15,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IR. Grey Fox Wealth Advisors LLC acquired a new stake in Ingersoll Rand during the 3rd quarter worth about $36,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the third quarter worth about $36,000. Westside Investment Management Inc. increased its position in shares of Ingersoll Rand by 100.0% in the third quarter. Westside Investment Management Inc. now owns 464 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 232 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Ingersoll Rand by 55.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 486 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 173 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Ingersoll Rand by 106.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 4.6%

IR stock opened at $81.27 on Friday. The company has a 50 day moving average of $90.24 and a two-hundred day moving average of $83.14. The company has a market cap of $31.82 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 5.26 and a beta of 1.29. Ingersoll Rand Inc. has a 12-month low of $65.61 and a 12-month high of $100.96. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. Ingersoll Rand had a net margin of 7.60% and a return on equity of 12.62%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company posted $0.84 EPS. Ingersoll Rand’s revenue was up 10.1% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.450-3.570 EPS. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 4th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Ingersoll Rand’s payout ratio is 5.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on IR shares. Robert W. Baird set a $115.00 price objective on shares of Ingersoll Rand in a research note on Tuesday, February 17th. Zacks Research upgraded Ingersoll Rand from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Citigroup raised their target price on Ingersoll Rand from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Barclays lifted their price target on Ingersoll Rand from $91.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their price objective on Ingersoll Rand from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ingersoll Rand presently has a consensus rating of “Hold” and a consensus target price of $101.86.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 19,122 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.67, for a total value of $1,867,645.74. Following the transaction, the chief accounting officer directly owned 12,153 shares of the company’s stock, valued at $1,186,983.51. This represents a 61.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Elizabeth Meloy Hepding sold 18,246 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.11, for a total value of $1,771,869.06. Following the sale, the insider directly owned 16,200 shares of the company’s stock, valued at $1,573,182. This trade represents a 52.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 584,771 shares of company stock valued at $54,976,547. Corporate insiders own 0.59% of the company’s stock.

Ingersoll Rand Company Profile

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company’s products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.